Magna International Inc reports results for the quarter ended March 31 - Earnings Summary

Magna International

02/05/2025 14:31

Magna International Inc MG.TO reported quarterly adjusted earnings of 78 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $1.08.  The mean expectation of fourteen analysts for the quarter was for earnings of 90 cents per share. Wall Street expected results to range from 76 cents to $1.22 per share.

Revenue fell 8.2% to $10.07 billion from a year ago; analysts expected $9.69 billion.

Magna International Inc's reported EPS for the quarter was 52 cents​.

The company reported quarterly net income of $146 million.

Magna International Inc shares had fallen by 0.8% this quarter and lost 19.3% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 26.9% in the last three months.​

In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy," 8 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the auto, truck & motorcycle parts peer group is also "hold"

Wall Street's median 12-month price target for Magna International Inc is $41.90

This summary was machine generated from LSEG data May 2 at 01:30 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING
ESTIMATE
ACTUAL
BEAT, MET, MISSED
Mar. 31 2025
0.90
0.78
Missed
Dec. 31 2024
1.53
1.69
Beat
Sep. 30 2024
1.40
1.28
Missed
Jun. 30 2024
1.44
1.35
Missed